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The Oxford Company collected the following information for the preparation of its December 31 classified balance sheet: $26,000 Property Plant and Equipment $200,000 20,000 Inventory
The Oxford Company collected the following information for the preparation of its December 31 classified balance sheet: $26,000 Property Plant and Equipment $200,000 20,000 Inventory 75,000 40,000 115,000 Accounts Receivable Cash Other Current Assets Accounts Payable Long-Term Liabilities Other Current Liabilities Prepare a classified balance sheet for Oxford Company. Current Assets: Cash Accounts Receivable Inventory Other Current Assets 32,000 Other Long-Term Assets 30,000 Common stock 60,000 Retained Earnings 18,000 Total Assets Check Assets Noncurrent Assets: Property, Plant and Equipment Other Long-Term Assets Total Current Assets Total Long-term Assets + 19 $ OXFORD COMPANY Balance Sheet December 31 20,000 26,000 75,000 32,000 153,000 200,000 40,000 240,000 2 Liabilities & Stockholders' Equity Current Liabilities: Accounts Payable Other Current Liabilities Total Current Liabilities Long-term Liabilities Other Long-Term Assets Total Liabilities $ Total Long-term Liabilities Stockholders' Equity: Common Stock Retained Earnings = 4) X Total Stockholders' Equity 0x Total Liabilities and Stockholders' Equity $ 30,000 18,000 48,000 0 x 0 x 60,000 * 115,000 0 x 0 x 0 X Prepare a ciassified balance sheet for oxford Company. Prepare a dassified balance sheet for Oxford Company. Prepare a dassified balance sheet for Oxford Company
The Oxford Company collected the following information for the preparation of its December 31 classified balance sheet: $26,000 Property Plant and Equipment $200,000 20,000 Inventory 75,000 40,000 115,000 Accounts Receivable Cash Other Current Assets Accounts Payable Long-Term Liabilities Other Current Liabilities Prepare a classified balance sheet for Oxford Company. Current Assets: Cash Accounts Receivable Inventory Other Current Assets 32,000 Other Long-Term Assets 30,000 Common stock 60,000 Retained Earnings 18,000 Total Assets Check Assets Noncurrent Assets: Property, Plant and Equipment Other Long-Term Assets Total Current Assets Total Long-term Assets + 19 $ OXFORD COMPANY Balance Sheet December 31 20,000 26,000 75,000 32,000 153,000 200,000 40,000 240,000 2 Liabilities & Stockholders' Equity Current Liabilities: Accounts Payable Other Current Liabilities Total Current Liabilities Long-term Liabilities Other Long-Term Assets Total Liabilities $ Total Long-term Liabilities Stockholders' Equity: Common Stock Retained Earnings = 4) X Total Stockholders' Equity 0x Total Liabilities and Stockholders' Equity $ 30,000 18,000 48,000 0 x 0 x 60,000 * 115,000 0 x 0 x 0 X
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